The Residences at Government House

Located within walking distance of three prestigious Maryland universities, Baltimore’s Central Business District, and just three blocks from Penn Station sits the Residences at Government House. The Residences, a development project consisting of 8 unique market-rate apartment units built behind the walls of two adjoining 18th century rowhome facades, brings to the north-central neighborhood of Mt. Vernon a product that is in demand but sorely lacking – new rental housing without the high price tag of larger developments.

The walls of this unique project consists of two stately four-story rowhomes, originally built in the 1880s in a neighborhood boasting some of Baltimore’s most prominent citizens of the day. In modern day, these buildings sit just four blocks from Penn Station, a mere hop, skip and a jump from the University of Baltimore and Baltimore’s downtown business district, and just minutes from the shuttle routes to both Johns Hopkins Hospital and University of Maryland – Baltimore/University of Maryland Medical Center campus. Shopping, a plethora of restaurants and an exciting nightlife are all just a walk from this ideally located site.

The 8 oversized 2-bedroom, 2-bathroom apartments contained within 1121 N. Calvert Street boast open floor plans with lots of light, and views of business district skyline and the vast roofline of East Baltimore with Johns Hopkins' hospital campus in the far distance. The kitchens feature deep caramel colored cabinetry, jet-black Energystar appliances, beautiful granite countertops and an imported porcelain tiled floor. The modern bathrooms feature lush darkwood vanities, marble floors and subway-tile tub surrounds. Other features include video intercoms, keyless entry, bamboo-hardwood floors, plush Berber carpeting, and high-efficiency stacked washer/dryers.

1121 N. Calvert was acquired in 2004 through a foreclosure sale, and 1123 N. Calvert was subsequently purchased from Baltimore City in 2007. Upon initial acquisition, both buildings were in much disrepair and had been empty for many years, 1123 having been gutted by a fire in 1996. There were structural problems throughout both buildings, and both were utilized as drug dens and sleeping areas for the homeless. Through creative value engineering, Barrus completely gutted and renovated both buildings in 2011, combining them into one brand-new apartment building with state-of-the-art mechanicals and finishes. The tenant base consists primarily of graduate students, resident doctors and nurses from nearby University of Maryland and Johns Hopkins. Rents are currently in the $1,800-$2,000 range.

Mount Vernon
8 Residential
6 Parking
Present Market Value